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PE firm Hg considers options for €1.5bn insurance broker GGW

Hg, a private equity firm that primarily targets technology buyouts in Europe and the US, is weighing options for GGW Group, including a sale that could value the German insurance broker at about €1.5bn ($1.6bn), according to a report by Bloomberg.

The report cites unnamed sources as confirming that the Hg is working with advisers as it considers offloading some or all of its stake in GGW.

Deliberations are said to ongoing and no final decision on a sale have been made, according to Bloomberg’s sources who suggest that Hg may also decide to hold on to the business and grow it through further bolt-on acquisitions.

Founded in Hamburg in 1758, GGW – Gossler, Gobert & Wolters – employs roughly 2,000 people. Hg invested in the company in 2021 and has since grown it through around 40 bolt-on acquisitions.

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